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Stock impact report

Asian stocks cling to gains even as shocking China data casts gloom [Financial Post (Toronto, Ontario, Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Financial Post
Markets in Thailand, Malaysia and Indonesia were closed for holidays. The benchmark stock index in the Philippines jumped 2.4%, poised for its best session in two months. That follows five straight sessions of losses that made for a 5.6% decline on the week. Although data last Thursday showed the Philippine economy grew at a better-than-expected 8.3% in the first quarter, the increased likelihood of a rate hike to tackle inflation had hurt sentiment. Shares in India climbed 0.9% after six consecutive sessions of losses. Economic activity in China cooled sharply in April as extensive lockdowns took a heavy toll, adding to fears the economy could shrink in the second quarter. China’s April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output fell 2.9% with both metrics well below analyst expectations. Full or partial lockdowns were imposed in dozens of cities across the country in March and April, but Shanghai has now set out plans for th Show less Read more
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